Cement News tagged under: corporate
Heidelberg Materials collaborates with Volvo Group20 June 2023, Published under Cement NewsHeidelberg Materials has signed a collaboration agreement with Volvo Group with the potential to significantly reduce carbon emissions in the construction industry. The aim is to jointly investigate and develop how the loading and hauling needs of Heidelberg Materials can be solved with the help of electrified vehicles and related services. As part of the agreement, Volvo Group’s emission-free solutions, a mix of its electric trucks and construction equipment machines, will be put to work ... |
Pakistan International Bulk Terminal Ltd seeks loan deferment20 June 2023, Published under Cement NewsPakistan International Bulk Terminal Ltd (PIBTL) informed Pakistan Stock Exchange (PSX) last week that it has requested the International Finance Corp (IFC) and OPEC Fund for International Development (OFID) to defer the repayment of the principal instalment of its foreign loan due on 15 June 2023. The notification from Company Secretary, Karim Bux, did not disclose the amount payable but said that the company would continue to make the interest payment by the terms of its foreign financin... |
Bamburi Cement to consider expansion despite macroeconomy19 June 2023, Published under Cement NewsBamburi Cement PLC ( Holcim group ) held its 72nd Annual General Meeting in Nairobi on 15 June, chaired by the Board and Management, which included Chairman Dr John Simba, Group Managing Director Mohit Kapoor, and Group Chief Financial Officer Eugene Antera. According to Mr Kapoor, "Kenya's macroeconomic situation is challenging due to inflation, currency devaluation, an uncertain tax environment, and restricted liquidity. “High power costs continue to be an issue and as a ... |
Shree Cement announces further expansion plans19 June 2023, Published under Cement NewsShree Cement has announced a new round of capacity expansions, which will take the company’s total cement production capacity to 55.9Mta. The cement producer currently runs 46.4Mta of capacity with the new plans in line with the company’s vision to reach 80Mta by 2030, according to The Telegraph India. The expansion plans includes four new projects, costing approximately INR55,000m-60,000m (US$671m-732m). The new plants will be located in Uttar Pradesh, Punjab, Karnataka and Bengal. Th... |
New plant adds 2Mta to Cambodia capacity19 June 2023, Published under Cement NewsA new 2Mta cement plant in the Oral district of Kampong Speu province in Cambodia is due to start production soon. According to the Khmer Times, Conch KT Cement has invested around US$263m in the new facility, which will take the total number of cement plants in the country to six. The reopening of the economy following the pandemic has resulted in a boost in exports, construction and the real estate sector in Cambodia. The new plant is intended to help meeting growing demand in Cam... |
Shree Digvijay halts production due to cyclone19 June 2023, Published under Cement NewsShree Digvijay Cement Co has reportedly halted production at its 1.2Mta Digvijaygram integrated plant in Gujarat, India, due to a cyclone. Tropical cyclone Biparjoy made landfall in India’s western Gujarat state last Friday, bringing with it winds of 100kmph. Rainfall of up to 25cm is expected. The plant, which is located in the Jamnagar District, has a 0.96Mta clinker production capacity. |
Cembureau elects new president and vice president19 June 2023, Published under Cement NewsThe European cement association, CEMBUREAU, has elected Ken McKnight, member of the CRH Executive Committee, as president, and Jon Morrish, CEO western and southern Europe, Heidelberg Cement, as vice-president. At its General Assembly in Prague, CEMBUREAU elected its new president and VP, entrusting them with the leadership and strategic direction of the organisation for the next two years. CEMBUREAU also expressed profound appreciation for the dedication and work of the outgoing presiden... |
Shiva Cement inaugurates Sundergarh mill19 June 2023, Published under Cement NewsIndia-based Shiva Cement , part of JSW Cement , has inaugurated its new cement plant in Sundergarh, Odisha. The new plant has an overall capacity of 1.05Mta as well as an additional 0.27Mta of cement capacity. Parent company, JSW Cement, announced plans to increase its installed capacity to 25Mta, up 47 per cent, in October 2022. |
Limak Cement addresses Turkey's "Green Transformation"16 June 2023, Published under Cement NewsLimak Cement 's new business platforms will be “the most important catalyst in the Green Transformation," said Limak’s CEO, Erkam Kocakerim, speaking at the ‘Climate Change Summit: Green Transformation’ held in Istanbul, Turkey, on 14 June 2023. In the first such gathering following the formation of the government, more than 200 top business executives and bankers, some of them from the most carbon-intensive sectors of the economy, gathered to exchange views on the efforts needed to ensure ... |
Kesoram Industries banks on blended cement for future growth16 June 2023, Published under Cement NewsIndian cement producer Kesoram Industries has reported a loss of INR1160m (US$14.2m) in the year ended 31 March 2023 (FY22-23), down from INR1300m in the same period a year earlier. The company expects to be back in profit this year on the back of a steady rise in the share of blended cements in its total sales, along with lower production and distribution costs, according to The Hindu. The cement producer’s CEO, Mr P Radhakrishnan, forecasts EBITDA to improve to INR1000-1200/t in the... |